Unaudited Semi-Annual Report

AMREGO I SICAV Société d Investissement à Capital Variable R.C.S. Luxembourg B 165541 Unaudited Semi-Annual Report For the period ended 30 June 2015 Subscriptions cannot be received on the basis of financial reports. Subscriptions are valid only if made on the basis of the current prospectus, as supplemented by the latest audited annual report and, if published thereafter the latest semi-annual report.

AMREGO I SICAV Table of Contents Management and Service Providers 2 Schedule of Investments AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM 3 AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM 5 AMREGO I SICAV - JP GLOBAL TREND 7 AMREGO I SICAV - TRYGGHET 75 S 8 AMREGO I SICAV - TRYGGHET 80 S 10 AMREGO I SICAV - TRYGGHET 85 S 12 AMREGO I SICAV - TRYGGHET 90 S 14 AMREGO I SICAV - TILLVÄXT 75 16 AMREGO I SICAV - TRYGGHET 75 17 AMREGO I SICAV - TRYGGHET 80 19 AMREGO I SICAV - TRYGGHET 85 21 AMREGO I SICAV - TRYGGHET 90 23 Combined Statement of Net Assets 25 Combined Statement of Operations and Changes in Net Assets 28 Statement of Changes in the Number of Shares 31 Statistical Information 32 Notes to the Financial Statements 34 Appendix Total Expense Ratios (unaudited) 41 Page

AMREGO I SICAV Management and Service Providers Board of Directors Carl-Adam Högberg (Chairman) Conducting Officer, Söderberg & Partners Asset Management S.A. Niklas Vesterlund Conducting Officer, Söderberg & Partners Asset Management S.A. Henri Stengård Mergers & Acquisitions PO Söderberg & Partner AB Management Company Söderberg & Partners Asset Management S.A. 1, rue Louvigny L-1946 Luxembourg Grand Duchy of Luxembourg Promoter PO Söderberg & Partner AB Regeringsgatan 45 S-103 96 Stockholm Registered Office 1, rue Louvigny L-1946 Luxembourg Investment Manager Söderberg & Partners Asset Management S.A. 1, rue Louvigny L-1946 Luxembourg Custodian, Administration and Paying Agent Registrar and Transfer Agent J.P. Morgan Bank Luxembourg S.A. European Bank & Business Center 6, route de Trèves L-2633 Senningerberg Grand Duchy of Luxembourg Auditor PricewaterhouseCoopers, Société coopérative 2 rue Gerhard Mercator B.P.1443, L-1014 Luxembourg Legal Advisors Arendt & Medernach 14, rue Erasme L- 2082 Luxembourg Grand Duchy of Luxembourg 2

AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Luxembourg Handelsbanken Funds - MSCI Emerging Markets Index Fund Handelsbanken Europa Index Fund Handelsbanken MSCI USA Index Fund Handelsbanken Sverigefond Index Fund Ohman Etisk Index Europa Fund Ohman Etisk Index Japan Fund Ohman Etisk Index Pacific Fund Ohman Etisk Index USA Fund Ohman Index Emerging Markets MSCI EM50 Fund Ohman Index Nordamerika MSCI North America Fund Ohman Index Sverige Fund SPP AktieIndex Japan Fund SPP AktieIndex USA Fund Swedbank Robur Indexfond Asien Fund Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Quantity/ Nominal Value Mark et Value SEK % of Net Assets SEK 380,247 46,568,808 2.64 46,568,808 2.64 SEK 2,310,099 233,989,897 13.25 SEK 638,019 150,298,049 8.51 SEK 13,985 126,001,388 7.14 SEK 1,007,146 126,839,988 7.18 SEK 936,588 83,459,369 4.73 SEK 281,724 56,110,994 3.18 SEK 545,232 82,613,591 4.68 SEK 309,658 41,738,838 2.36 SEK 835,750 154,421,595 8.74 SEK 525,441 90,065,913 5.1 SEK 522,974 36,480,047 2.07 SEK 1,001,102 158,414,041 8.97 SEK 1,372,790 214,306,156 12.14 1,554,739,866 88.05 1,601,308,674 90.69 EUR 70,071 25,112,185 1.42 25,112,185 1.42 EUR 20,000 5,743,716 0.33 USD 60,000 27,047,283 1.53 USD 129,965 42,071,593 2.38 74,862,592 4.24 XACT OMXS30 Fund SEK 143,191 23,877,099 1.35 23,877,099 1.35 United States of America ishares Russell 2000 Fund USD 12,418 12,767,521 0.73 12,767,521 0.73 Total Exchange Traded Funds 136,619,397 7.74 Total Units of authorised UCITS or other collective investment undertakings 1,737,928,071 98.43 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 1,737,928,071 98.43 29,542,823 1.67 (1,740,527) (0.10) 1,765,730,367 100.00 3

AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 89.40 Ireland 4.24 Luxembourg 2.64 Germany 1.42 United States of America 0.73 Total Investments 98.43 Cash and Other Assets/(Liabilities) 1.57 Total 100.00 4

AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Luxembourg Handelsbanken Funds - MSCI Emerging Markets Index Fund Handelsbanken Europa Index Fund Handelsbanken Kortrantefond Fund Handelsbanken MSCI USA Index Fund Handelsbanken Sverigefond Index Fund Ohman Etisk Index Europa Fund Ohman Etisk Index Japan Fund Ohman Etisk Index Pacific Fund Ohman Etisk Index USA Fund Ohman Index Emerging Markets MSCI EM50 Fund Ohman Index Nordamerika MSCI North America Fund Ohman Index Sverige Fund Ohman Penningmarknadsfond Fund Spiltan Rantefond Sverige Fund SPP AktieIndex Japan Fund SPP AktieIndex USA Fund Swedbank Robur Indexfond Asien Fund Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund Quantity/ Nominal Value Mark et Value SEK % of Net Assets SEK 462,208 56,606,622 1.53 56,606,622 1.53 SEK 3,188,576 322,970,842 8.71 SEK 3,740,477 391,141,636 10.55 SEK 327,109 77,057,094 2.08 SEK 26,792 241,393,869 6.51 SEK 1,895,646 238,737,718 6.44 SEK 1,286,620 114,650,693 3.09 SEK 342,020 68,120,035 1.84 SEK 1,672,786 253,460,538 6.84 SEK 598,824 80,715,486 2.18 SEK 967,446 178,754,935 4.82 SEK 727,703 124,735,518 3.37 SEK 446,758 43,867,130 1.18 SEK 2,112,869 246,402,805 6.65 SEK 912,246 63,633,729 1.72 SEK 2,372,996 375,502,136 10.13 SEK 1,810,015 286,496,187 7.73 3,107,640,351 83.84 3,164,246,973 85.37 EUR 155,057 55,569,637 1.50 55,569,637 1.50 EUR 59,890 17,199,556 0.46 USD 120,000 54,094,566 1.46 USD 162,542 52,617,250 1.42 123,911,372 3.34 SEK 270,152 45,047,846 1.21 45,047,846 1.21 United States of America ishares Russell 2000 Fund USD 25,114 25,820,868 0.70 25,820,868 0.70 Total Exchange Traded Funds 250,349,723 6.75 Total Units of authorised UCITS or other collective investment undertakings 3,414,596,696 92.12 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 3,414,596,696 92.12 297,599,925 8.03 (5,438,314) (0.15) 3,706,758,307 100.00 5

AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 85.05 Ireland 3.34 Luxembourg 1.53 Germany 1.50 United States of America 0.70 Total Investments 92.12 Cash and Other Assets/(Liabilities) 7.88 Total 100.00 6

AMREGO I SICAV - JP GLOBAL TREND Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Exchange Traded Funds France Amundi ETF Nasdaq-100 Fund Ireland Source Health Care S&P US Select Sector Fund Source S&P 500 Fund Luxembourg ComStage ETF Nasdaq-100 Fund XACT OMXS30 Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value SEK % of Net Assets EUR 137,600 53,620,817 16.80 53,620,817 16.80 USD 20,000 52,715,898 16.51 USD 17,500 50,406,299 15.79 103,122,197 32.30 EUR 145,000 54,159,960 16.97 54,159,960 16.97 SEK 317,000 52,859,750 16.56 52,859,750 16.56 263,762,724 82.63 263,762,724 82.63 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 263,762,724 82.63 56,221,382 17.61 (776,324) (0.24) 319,207,782 100.00 Geographic Allocation of Portfolio % of Net Assets Ireland 32.30 Luxembourg 16.97 France 16.80 16.56 Total Investments 82.63 Cash and Other Assets/(Liabilities) 17.37 Total 100.00 7

AMREGO I SICAV - TRYGGHET 75 S Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Ireland Montanaro European Smaller Companies Fund Class EUR Luxembourg Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Emerging Europe Fund Class A2 Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - Japan Equity Fund Class C J.P. Morgan Funds - Latin America Equity Fund Class I J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - Frontier Markets Equity Carnegie Sverigefond Fund Skandia Europa Exponering Fund Skandia Nordamerika Exponering Fund Skandia Smabolag Sverige Fund Skandia Sverige Exponering Fund Skandia USA Fund United Kingdom First State Investments ICVC - Asia Pacific Leaders Fund Class Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund United States of America ishares Russell 2000 Growth Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value SEK % of Net Assets EUR 6,271,657 286,385,577 5.06 286,385,577 5.06 SEK 2,377,452 229,994,684 4.06 EUR 51,161 40,133,182 0.71 EUR 4,034,849 383,926,685 6.78 USD 2,848,698 322,038,051 5.69 USD 294,811 37,946,382 0.67 USD 304,105 343,382,072 6.06 USD 26,180 30,118,470 0.53 1,387,539,526 24.5 SEK 187,071 399,507,044 7.06 SEK 821,945 374,486,351 6.61 SEK 2,776,968 478,721,585 8.46 SEK 2,436,981 356,335,414 6.29 SEK 489,762 265,152,122 4.68 SEK 806,924 609,800,471 10.77 2,484,002,987 43.87 EUR 27,417,832 503,480,998 8.89 503,480,998 8.89 4,661,409,088 82.32 EUR 546,846 195,979,761 3.46 195,979,761 3.46 EUR 158,000 45,375,353 0.8 USD 295,187 133,066,771 2.35 USD 638,796 206,787,716 3.65 385,229,840 6.8 SEK 1,361,184 226,977,432 4.01 226,977,432 4.01 USD 39,000 49,487,820 0.88 49,487,820 0.88 857,674,853 15.15 5,519,083,941 97.47 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 5,519,083,941 97.47 150,622,938 2.66 (7,375,006) (0.13) 5,662,331,873 100.00 8

AMREGO I SICAV - TRYGGHET 75 S Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 47.88 Luxembourg 24.50 Ireland 11.86 United Kingdom 8.89 Germany 3.46 United States of America 0.88 Total Investments 97.47 Cash and Other Assets/(Liabilities) 2.53 Total 100.00 9

AMREGO I SICAV - TRYGGHET 80 S Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Ireland Montanaro European Smaller Companies Fund Class EUR Luxembourg Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Emerging Europe Fund Class A2 Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - Japan Equity Fund Class C J.P. Morgan Funds - Latin America Equity Fund Class I J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - Frontier Markets Equity Carnegie Sverigefond Fund Handelsbanken Kortrantefond Fund Skandia Europa Exponering Fund Skandia Nordamerika Exponering Fund Skandia Smabolag Sverige Fund Skandia Sverige Exponering Fund Skandia USA Fund Spiltan Rantefond Sverige Fund United Kingdom First State Investments ICVC - Asia Pacific Leaders Fund Class Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund Quantity/ Nominal Value Mark et Value SEK % of Net Assets EUR 3,423,858 156,345,188 3.31 156,345,188 3.31 SEK 1,808,021 174,907,971 3.71 EUR 38,677 30,340,140 0.64 EUR 2,374,418 225,932,250 4.79 USD 2,129,161 240,696,196 5.10 USD 235,849 30,357,106 0.64 USD 261,883 295,706,241 6.26 USD 19,276 22,175,530 0.47 1,020,115,434 21.61 SEK 119,923 256,105,964 5.42 SEK 2,599,400 271,819,226 5.76 SEK 483,429 220,254,859 4.67 SEK 1,740,818 300,099,538 6.36 SEK 1,392,042 203,544,334 4.31 SEK 330,792 179,087,350 3.79 SEK 443,189 334,922,518 7.09 SEK 4,440,636 517,866,926 10.97 2,283,700,715 48.37 EUR 14,896,023 273,539,667 5.80 273,539,667 5.80 3,733,701,004 79.09 EUR 343,473 123,094,539 2.61 123,094,539 2.61 EUR 84,000 24,123,605 0.51 USD 248,987 112,240,363 2.38 USD 335,876 108,728,031 2.30 245,091,999 5.19 SEK 716,816 119,529,068 2.53 119,529,068 2.53 United States of America ishares Russell 2000 Growth Fund USD 20,667 26,224,738 0.55 26,224,738 0.55 Total Exchange Traded Funds 513,940,344 10.88 Total Units of authorised UCITS or other collective investment undertakings 4,247,641,348 89.97 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 10 4,247,641,348 89.97 368,446,081 7.80 104,850,761 2.23 4,720,938,190 100.00

AMREGO I SICAV - TRYGGHET 80 S Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 50.90 Luxembourg 21.61 Ireland 8.50 United Kingdom 5.80 Germany 2.61 United States of America 0.55 Total Investments 89.97 Cash and Other Assets/(Liabilities) 10.03 Total 100.00 Forward Currency Exchange Contracts Currency Purchased Amount Purchased Currency Sold Amount Sold Maturity Date Unrealised Gain/(Loss) SEK % of Net Assets SEK 73,238,789 EUR 7,932,000 03/07/2015 (7,142) Net Unrealised Loss on Forward Currency Exchange Contracts (7,142) Counterparty Unrealised Gain/(Loss) JPMorgan (7,142) (7,142) 11

AMREGO I SICAV - TRYGGHET 85 S Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Ireland Montanaro European Smaller Companies Fund Class EUR Luxembourg Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Emerging Europe Fund Class A2 Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - Japan Equity Fund Class C J.P. Morgan Funds - Latin America Equity Fund Class I J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - Frontier Markets Equity Carnegie Sverigefond Fund Handelsbanken Kortrantefond Fund Simplicity Likviditet Fund Skandia Europa Exponering Fund Skandia Nordamerika Exponering Fund Skandia Smabolag Sverige Fund Skandia Sverige Exponering Fund Skandia USA Fund Spiltan Rantefond Sverige Fund United Kingdom First State Investments ICVC - Asia Pacific Leaders Fund Class Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund United States of America ishares Russell 2000 Growth Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value SEK % of Net Assets EUR 1,137,031 51,920,792 2.77 51,920,792 2.77 SEK 469,512 45,420,545 2.43 EUR 10,640 8,346,427 0.45 EUR 802,749 76,383,759 4.08 USD 667,013 75,404,148 4.03 USD 61,910 7,968,740 0.42 USD 72,530 81,897,068 4.37 USD 8,468 9,741,568 0.52 305,162,255 16.30 SEK 44,958 96,011,875 5.13 SEK 2,027,630 212,029,260 11.32 SEK 1,390,441 151,460,749 8.09 SEK 128,877 58,717,492 3.14 SEK 555,064 95,687,508 5.11 SEK 302,092 44,171,915 2.36 SEK 90,993 49,262,736 2.63 SEK 163,190 123,324,381 6.59 SEK 1,560,584 181,995,341 9.72 1,012,661,257 54.09 EUR 4,802,459 88,188,848 4.71 88,188,848 4.71 1,457,933,152 77.87 EUR 61,925 22,192,805 1.18 22,192,805 1.18 EUR 22,000 6,318,087 0.34 USD 56,315 25,386,129 1.36 USD 61,611 19,944,392 1.06 51,648,608 2.76 SEK 168,489 28,095,541 1.50 28,095,541 1.50 USD 5,733 7,274,710 0.39 7,274,710 0.39 109,211,664 5.83 1,567,144,816 83.70 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 1,567,144,816 83.70 304,124,324 16.24 1,078,979 0.06 1,872,348,119 100.00 12

AMREGO I SICAV - TRYGGHET 85 S Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 55.59 Luxembourg 16.30 Ireland 5.53 United Kingdom 4.71 Germany 1.18 United States of America 0.39 Total Investments 83.70 Cash and Other Assets/(Liabilities) 16.30 Total 100.00. 13

AMREGO I SICAV - TRYGGHET 90 S Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Ireland Montanaro European Smaller Companies Fund Class EUR Luxembourg Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Emerging Europe Fund Class A2 Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - Japan Equity Fund Class C J.P. Morgan Funds - Latin America Equity Fund Class I J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - Frontier Markets Equity Carnegie Sverigefond Fund Handelsbanken Kortrantefond Fund Simplicity Likviditet Fund Skandia Europa Exponering Fund Skandia Nordamerika Exponering Fund Skandia Smabolag Sverige Fund Skandia Sverige Exponering Fund Skandia USA Fund Spiltan Rantefond Sverige Fund United Kingdom First State Investments ICVC - Asia Pacific Leaders Fund Class Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund United States of America ishares Russell 2000 Growth Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value SEK % of Net Assets EUR 268,971 12,282,147 1.84 12,282,147 1.84 SEK 105,907 10,245,453 1.54 EUR 2,332 1,829,372 0.27 EUR 189,723 18,052,636 2.71 USD 162,319 18,349,764 2.75 USD 14,741 1,897,319 0.29 USD 23,723 26,786,872 4.02 USD 1,867 2,147,954 0.32 79,309,370 11.90 SEK 9,558 20,412,492 3.06 SEK 1,066,599 111,534,276 16.73 SEK 1,075,419 117,145,364 17.58 SEK 34,289 15,622,290 2.34 SEK 53,042 9,143,960 1.37 SEK 21,707 3,173,935 0.48 SEK 21,153 11,452,030 1.72 SEK 36,260 27,401,797 4.11 SEK 1,001,888 116,840,233 17.53 432,726,377 64.92 EUR 1,116,530 20,503,149 3.08 20,503,149 3.08 544,821,043 81.74 EUR 13,225 4,739,602 0.71 4,739,602 0.71 EUR 4,600 1,321,054 0.20 USD 12,489 5,629,892 0.84 USD 14,050 4,548,193 0.68 11,499,139 1.72 SEK 41,435 6,909,286 1.04 6,909,286 1.04 USD 1,733 2,199,036 0.33 2,199,036 0.33 25,347,063 3.80 570,168,106 85.54 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 14 570,168,106 85.54 96,456,015 14.47 (51,698) (0.01) 666,572,423 100.00

AMREGO I SICAV - TRYGGHET 90 S Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 65.96 Luxembourg 11.90 Ireland 3.56 United Kingdom 3.08 Germany 0.71 United States of America 0.33 Total Investments 85.54 Cash and Other Assets/(Liabilities) 14.46 Total 100.00 15

AMREGO I SICAV - TILLVÄXT 75 Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Luxembourg Danske Invest - Global Emerging Markets Fund Class A Danske Invest - Global Emerging Markets Small Cap Fund Class Danske Invest - India Fund Class A Fidelity Funds - Greater China Fund Class Y ACC USD Invesco Greater China Equity Fund Class A J.P. Morgan Funds - Greater China Fund Class I Carnegie Rysslandsfond Fund Handelsbanken Latinamerikafond Fund Lannebo Likviditetsfond Fund Spiltan Rantefond Sverige Fund United Kingdom First State Investments ICVC - Global Emerging Markets Total Collective Investment Schemes - UCITS Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value SEK % of Net Assets USD 113,760 69,127,689 7.12 USD 138,698 40,343,461 4.15 USD 81,651 43,772,352 4.51 USD 901,051 131,654,740 13.56 USD 299,826 122,673,210 12.64 USD 112,369 128,753,209 13.26 536,324,661 55.24 SEK 727,027 33,528,364 3.45 SEK 137,469 33,521,848 3.45 SEK 528,216 59,978,871 6.18 SEK 514,801 60,036,036 6.19 187,065,119 19.27 GBP 2,156,595 127,714,041 13.16 127,714,041 13.16 851,103,821 87.67 851,103,821 87.67 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 851,103,821 87.67 121,775,647 12.54 (2,048,725) (0.21) 970,830,743 100.00 Geographic Allocation of Portfolio % of Net Assets Luxembourg 55.24 19.27 United Kingdom 13.16 Total Investments 87.67 Cash and Other Assets/(Liabilities) 12.33 Total 100.00 16

AMREGO I SICAV - TRYGGHET 75 Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Finland Evli Swedish Small Cap Fund Luxembourg Aberdeen Global - Asian Smaller Companies Fund Class I2 Aberdeen Global - Japanese Equity Fund Class I2 Aberdeen Global - Japanese Smaller Companies Fund Class I2 Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Asian Dragon Fund Class A2 USD Fidelity Funds - America Fund Class Y Accumulation USD Franklin Templeton Investment Funds - Templeton Frontier Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - European Equity Yield Threadneedle Lux - Pan European Small Cap Opportunities Fund Didner & Gerge Aktiefond Fund DNB Micro Cap Fund Handelsbanken Latinamerikafond Fund Handelsbanken MSCI USA Index Fund SPP AktieIndex Sverige Fund Swedbank Robur Osteuropafond Fund Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund United States of America ishares Russell 2000 Growth Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value SEK % of Net Assets SEK 55,492 159,227,186 2.14 159,227,186 2.14 USD 401,087 155,985,754 2.10 JPY 38,038 267,821,973 3.61 JPY 1,818,934 167,160,654 2.25 SEK 2,377,449 229,994,394 3.10 USD 1,291,630 365,411,419 4.93 USD 4,491,775 658,155,901 8.87 EUR 210,187 45,883,332 0.62 EUR 5,446,915 518,288,531 6.98 USD 368,266 415,829,366 5.60 EUR 2,551,251 441,730,037 5.95 EUR 1,032,207 339,232,551 4.57 3,605,493,912 48.58 SEK 248,445 568,078,570 7.65 SEK 209,057 138,920,440 1.87 SEK 199,744 48,707,578 0.66 SEK 2,944,656 693,672,663 9.35 SEK 1,763,209 439,564,769 5.92 SEK 2,329,647 56,726,905 0.77 1,945,670,925 26.22 5,710,392,023 76.94 EUR 904,328 324,094,874 4.37 324,094,874 4.37 EUR 328,000 94,196,936 1.27 USD 458,852 206,844,996 2.79 USD 1,081,182 349,994,610 4.71 651,036,542 8.77 SEK 1,914,667 319,270,722 4.30 319,270,722 4.30 USD 62,562 79,386,077 1.07 79,386,077 1.07 1,373,788,215 18.51 7,084,180,238 95.45 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 7,084,180,238 95.45 332,903,853 4.49 4,707,069 0.06 7,421,791,160 100.00 17

AMREGO I SICAV - TRYGGHET 75 Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets Luxembourg 48.58 30.52 Ireland 8.77 Germany 4.37 Finland 2.14 United States of America 1.07 Total Investments 95.45 Cash and Other Assets/(Liabilities) 4.55 Total 100.00 18

AMREGO I SICAV - TRYGGHET 80 Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Finland Evli Swedish Small Cap Fund Luxembourg Aberdeen Global - Asian Smaller Companies Fund Class I2 Aberdeen Global - Japanese Equity Fund Class I2 Aberdeen Global - Japanese Smaller Companies Fund Class I2 Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Asian Dragon Fund Class A2 USD Fidelity Funds - America Fund Class Y Accumulation USD Franklin Templeton Investment Funds - Templeton Frontier Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - European Equity Yield Threadneedle Lux - Pan European Small Cap Opportunities Fund Didner & Gerge Aktiefond Fund DNB Micro Cap Fund Handelsbanken Latinamerikafond Fund Handelsbanken MSCI USA Index Fund Lannebo Likviditetsfond Fund SPP AktieIndex Sverige Fund SPP Penningmarknadsfond Fund Swedbank Robur Osteuropafond Fund Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund United States of America ishares Russell 2000 Growth Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value SEK % of Net Assets SEK 29,110 83,526,520 1.32 83,526,520 1.32 USD 270,526 105,209,846 1.67 JPY 28,846 203,100,388 3.22 JPY 1,228,139 112,866,322 1.79 SEK 2,197,629 212,598,590 3.37 USD 827,647 234,147,172 3.71 USD 3,098,598 454,020,984 7.19 EUR 179,097 39,096,477 0.62 EUR 3,699,563 352,023,348 5.58 USD 320,002 361,332,174 5.72 EUR 1,292,009 223,701,764 3.54 EUR 593,804 195,152,452 3.09 2,493,249,517 39.50 SEK 204,671 467,986,610 7.41 SEK 132,731 88,201,020 1.40 SEK 153,134 37,341,711 0.59 SEK 1,768,787 416,673,043 6.60 SEK 4,157,192 472,049,172 7.48 SEK 1,016,922 253,516,626 4.02 SEK 3,913,759 465,394,841 7.37 SEK 1,423,021 34,650,550 0.55 2,235,813,573 35.42 4,812,589,610 76.24 EUR 487,406 174,677,535 2.77 174,677,535 2.77 EUR 173,000 49,683,140 0.79 USD 377,270 170,068,806 2.69 USD 572,475 185,318,627 2.94 405,070,573 6.42 SEK 1,036,097 172,769,175 2.73 172,769,175 2.73 USD 33,484 42,488,466 0.67 42,488,466 0.67 795,005,749 12.59 5,607,595,359 88.83 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 19 5,607,595,359 88.83 418,161,210 6.62 286,649,199 4.55 6,312,405,768 100.00

AMREGO I SICAV - TRYGGHET 80 Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets Luxembourg 39.50 38.15 Ireland 6.42 Germany 2.77 Finland 1.32 United States of America 0.67 Total Investments 88.83 Cash and Other Assets/(Liabilities) 11.17 Total 100.00 20

AMREGO I SICAV - TRYGGHET 85 Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Finland Evli Swedish Small Cap Fund Luxembourg Aberdeen Global - Asian Smaller Companies Fund Class I2 Aberdeen Global - Japanese Equity Fund Class I2 Aberdeen Global - Japanese Smaller Companies Fund Class I2 Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Asian Dragon Fund Class A2 USD Fidelity Funds - America Fund Class Y Accumulation USD Franklin Templeton Investment Funds - Templeton Frontier Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - European Equity Yield Threadneedle Lux - Pan European Small Cap Opportunities Fund Didner & Gerge Aktiefond Fund DNB Micro Cap Fund Handelsbanken Kortrantefond Fund Handelsbanken Latinamerikafond Fund Handelsbanken MSCI USA Index Fund Lannebo Likviditetsfond Fund SPP AktieIndex Sverige Fund SPP Penningmarknadsfond Fund Swedbank Robur Osteuropafond Fund Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund XACT OMXS30 Fund United States of America ishares Russell 2000 Growth Fund Total Exchange Traded Funds Total Units of authorised UCITS or other collective investment undertakings Quantity/ Nominal Value Mark et Value USD % of Net Assets SEK 9,053 25,975,720 1.19 25,975,720 1.19 USD 74,756 29,073,248 1.34 JPY 7,787 54,830,030 2.52 JPY 294,206 27,037,624 1.24 SEK 474,503 45,903,375 2.11 USD 228,383 64,611,285 2.97 USD 745,486 109,232,134 5.02 EUR 34,543 7,540,721 0.35 EUR 1,017,535 96,821,145 4.45 USD 98,512 111,235,137 5.12 EUR 257,716 44,621,566 2.05 EUR 149,983 49,291,655 2.27 640,197,920 29.44 SEK 43,616 99,729,119 4.59 SEK 38,793 25,778,228 1.19 SEK 2,514,616 262,953,368 12.09 SEK 34,889 8,507,714 0.39 SEK 499,927 117,767,848 5.42 SEK 2,107,390 239,294,115 11.01 SEK 212,327 52,932,643 2.43 SEK 2,000,951 237,938,083 10.94 SEK 387,902 9,445,420 0.43 1,054,346,538 48.49 1,720,520,178 79.12 EUR 102,934 36,889,692 1.70 36,889,692 1.70 EUR 36,000 10,338,688 0.48 USD 80,429 36,256,432 1.67 USD 126,523 40,957,367 1.88 87,552,487 4.03 SEK 215,603 35,951,800 1.65 35,951,800 1.65 USD 6,935 8,799,950 0.40 8,799,950 0.40 169,193,929 7.78 1,889,714,107 86.90 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 21 1,889,714,107 86.90 270,461,236 12.44 14,315,798 0.66 2,174,491,141 100.00

AMREGO I SICAV - TRYGGHET 85 Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 50.14 Luxembourg 29.44 Ireland 4.03 Germany 1.70 Finland 1.19 United States of America 0.40 Total Investments 86.90 Cash and Other Assets/(Liabilities) 13.10 Total 100.00 22

AMREGO I SICAV - TRYGGHET 90 Schedule of Investments Investments Currency Units of authorised UCITS or other collective investment undertakings Collective Investment Schemes - UCITS Finland Evli Swedish Small Cap Fund Luxembourg Aberdeen Global - Asian Smaller Companies Fund Class I2 Aberdeen Global - Japanese Equity Fund Class I2 Aberdeen Global - Japanese Smaller Companies Fund Class I2 Ballista SICAV - Absolute Return Fund Class I BlackRock Global Funds - Asian Dragon Fund Class A2 USD Fidelity Funds - America Fund Class Y Accumulation USD Franklin Templeton Investment Funds - Templeton Frontier Henderson Gartmore Fund - Pan European Fund Class EUR J.P. Morgan Funds - US Smaller Companies Fund Class C Schroder International Selection Fund - European Equity Yield Threadneedle Lux - Pan European Small Cap Opportunities Fund Didner & Gerge Aktiefond Fund DNB Micro Cap Fund Handelsbanken Kortrantefond Fund Handelsbanken Latinamerikafond Fund Handelsbanken MSCI USA Index Fund Lannebo Likviditetsfond Fund Spiltan Rantefond Sverige Fund SPP AktieIndex Sverige Fund SPP Penningmarknadsfond Fund Swedbank Robur Osteuropafond Fund Total Collective Investment Schemes - UCITS Exchange Traded Funds Germany ishares STOXX Europe 600 Fund Ireland ishares Core MSCI Japan IMI Fund Vanguard FTSE Emerging Markets Fund Vanguard S&P 500 Fund Quantity/ Nominal Value Mark et Value SEK % of Net Assets SEK 3,181 9,127,754 0.94 9,127,754 0.94 USD 22,452 8,731,707 0.90 JPY 2,257 15,892,979 1.64 JPY 88,498 8,133,036 0.84 SEK 150,859 14,594,113 1.51 USD 64,510 18,250,399 1.88 USD 232,364 34,047,115 3.51 EUR 13,561 2,960,423 0.31 EUR 270,089 25,699,700 2.65 USD 28,527 32,211,309 3.32 EUR 70,777 12,254,555 1.26 EUR 57,611 18,933,776 1.95 191,709,112 19.77 SEK 10,207 23,339,497 2.41 SEK 9,627 6,397,206 0.66 SEK 1,305,588 136,525,325 14.08 SEK 11,630 2,835,905 0.29 SEK 58,253 13,722,772 1.41 SEK 1,042,461 118,371,448 12.21 SEK 1,269,635 148,064,792 15.27 SEK 53,438 13,321,968 1.37 SEK 985,727 117,215,243 12.09 SEK 101,139 2,462,743 0.25 582,256,899 60.04 783,093,765 80.75 EUR 35,867 12,854,087 1.32 12,854,087 1.32 EUR 12,000 3,446,229 0.36 USD 24,794 11,176,839 1.15 USD 39,470 12,777,023 1.32 27,400,091 2.83 XACT OMXS30 Fund SEK 74,498 12,422,542 1.28 12,422,542 1.28 United States of America ishares Russell 2000 Growth Fund USD 3,183 4,038,967 0.42 4,038,967 0.42 Total Exchange Traded Funds 56,715,687 5.85 Total Units of authorised UCITS or other collective investment undertakings 839,809,452 86.60 Total Investments Cash Other Assets/(Liabilities) Total Net Assets 839,809,452 86.60 133,308,099 13.75 (3,415,781) (0.35) 969,701,770 100.00 23

AMREGO I SICAV - TRYGGHET 90 Schedule of Investments (continued) Geographic Allocation of Portfolio % of Net Assets 61.32 Luxembourg 19.77 Ireland 2.83 Germany 1.32 Finland 0.94 United States of America 0.42 Total Investments 86.60 Cash and Other Assets/(Liabilities) 13.40 Total 100.00 24

AMREGO I SICAV Combined Statement of Net Assets AMREGO I SICAV Combined SÖDERBERG & PARTNERS TRYGGHET 75 PM SÖDERBERG & PARTNERS TRYGGHET 80 PM JP GLOBAL TREND Notes SEK SEK SEK SEK Assets Investments in Securities at Market Value 3b) 33,592,728,679 1,737,928,071 3,414,596,696 263,762,724 Acquisition Cost: 30,508,494,186 1,168,248,895 2,471,458,622 238,200,128 Cash at Bank 2,579,623,533 29,542,823 297,599,925 56,221,382 Amounts Receivable on Sale of Investments 385,150,551 - - - Amounts Receivable on Subscriptions 56,896,339 98,415 - - Tax Reclaims Receivable 1,072,873 134,054 431,741 237,943 Rebate 4a) 34,993,380 2,324,300 4,956,328 - Total Assets 36,650,465,355 1,770,027,663 3,717,584,690 320,222,049 Liabilities Amounts Payable on Redemptions 21,646,254-1,846,979 156,656 Interest Payable 1,091,086 20,036 92,250 26,046 Management Fees Payable 4a) 58,571,127 3,955,045 8,291,350 663,696 Custodian and Administration Fees 4b) 4,193,322 291,805 522,193 162,477 Taxe d'abonnement Payable 6) 1,267,872 28,548 69,392 5,004 Unrealised Loss on Forward Currency Exchange Contracts 3e) 7,142 - - - Other Liabilities 580,909 1,862 4,219 388 Total Liabilities 87,357,712 4,297,296 10,826,383 1,014,267 Total Net Assets 36,563,107,643 1,765,730,367 3,706,758,307 319,207,782 Shares Outstanding as at 30 June 2015 Class A 254,531,686.36 10,814,000.08 24,932,350.28 2,235,639.07 Class B 216,545.15 - - 216,545.15 Class C 469,797.59 - - - Net Asset Value per Share as at 30 June 2015 Class A 1,707.23 163.28 148.67 129.22 Class B 140.05 - - 140.05 Class C 823.35 - - - 25

AMREGO I SICAV Combined Statement of Net Assets (continued) TRYGGHET 75 S TRYGGHET 80 S TRYGGHET 85 S TRYGGHET 90 S Notes SEK SEK SEK SEK Assets Investments in Securities at Market Value 3b) 5,519,083,941 4,247,641,348 1,567,144,816 570,168,106 Acquisition Cost: 4,210,766,655 3,447,784,575 1,323,625,215 513,291,297 Cash at Bank 150,622,938 368,446,081 304,124,324 96,456,015 Amounts Receivable on Sale of Investments - 109,776,995 - - Amounts Receivable on Subscriptions 456,415 622,677 2,831,426 743,831 Tax Reclaims Receivable 129,719 114,126 21,335 3,955 Rebate 4a) 5,510,237 4,560,586 1,398,218 367,191 Total Assets 5,675,803,250 4,731,161,813 1,875,520,119 667,739,098 Liabilities Amounts Payable on Redemptions 3,552,150 2,095,049-29,663 Interest Payable 102,039 128,370 137,010 49,766 Management Fees Payable 4a) 8,636,974 6,984,948 2,620,424 881,626 Custodian and Administration Fees 4b) 798,804 699,636 319,793 176,658 Taxe d'abonnement Payable 6) 375,304 302,778 92,759 28,337 Unrealised Loss on Forward Currency Exchange Contracts 3e) - 7,142 - - Other Liabilities 6,106 5,700 2,014 625 Total Liabilities 13,471,377 10,223,623 3,172,000 1,166,675 Total Net Assets 5,662,331,873 4,720,938,190 1,872,348,119 666,572,423 Shares Outstanding as at 30 June 2015 Class A 39,240,346.76 34,937,649.86 14,748,372.33 5,623,866.98 Class B - - - - Class C 254,075.24 40,946.70 49,387.22 100,850.77 Net Asset Value per Share as at 30 June 2015 Class A 143.55 134.99 126.59 116.62 Class B - - - - Class C 115.01 111.46 109.23 106.23 26

AMREGO I SICAV Combined Statement of Net Assets (continued) AMREGO I SICAV - TILLVAXT 75 (1) TRYGGHET 75 (2) TRYGGHET 80 (2) TRYGGHET 85 (2) TRYGGHET 90 (2) Notes SEK SEK SEK SEK SEK Assets Investments in Securities at Market Value 3b) 851,103,821 7,084,180,238 5,607,595,359 1,889,714,107 839,809,452 Acquisition Cost: 900,038,433 7,524,156,393 5,894,449,889 1,958,305,138 858,168,946 Cash at Bank 121,775,647 332,903,853 418,161,210 270,461,236 133,308,099 Amounts Receivable on Sale of Investments - - 275,373,556 - - Amounts Receivable on Subscriptions 455,247 15,386,670 16,519,606 18,160,609 1,621,443 Tax Reclaims Receivable - - - - - Rebate 4a) 1,579,667 6,908,627 5,339,272 1,507,652 541,302 Total Assets 974,914,382 7,439,379,388 6,322,989,003 2,179,843,604 975,280,296 Liabilities Amounts Payable on Redemptions 2,390,137 5,410,079 14,693 2,035,100 4,115,748 Interest Payable 38,282 197,107 148,935 102,430 48,815 Management Fees Payable 4a) 1,491,957 11,388,826 9,342,089 3,008,417 1,305,775 Custodian and Administration Fees 4b) 142,459 436,219 389,637 164,341 89,300 Taxe d'abonnement Payable 6) 20,472 154,540 130,199 41,811 18,728 Unrealised Loss on Forward Currency Exchange Contracts 3e) - - - - - Other Liabilities 332 1,457 557,682 364 160 Total Liabilities 4,083,639 17,588,228 10,583,235 5,352,463 5,578,526 Total Net Assets 970,830,743 7,421,791,160 6,312,405,768 2,174,491,141 969,701,770 Shares Outstanding as at 30 June 2015 Class A 4,996,590.15 48,724,415.68 43,876,790.63 16,416,759.12 7,984,905.42 Class B - - - - - Class C - 13,879.30 3,654.45 5,714.26 1,289.65 Net Asset Value per Share as at 30 June 2015 Class A 194.30 152.30 143.86 132.42 121.43 Class B - - - - - Class C - 93.70 94.54 95.99 97.19 (1) This Sub-Fund was launched on 23 March 2015. (2) This Sub-Fund was launched on 17 April 2015. 27

AMREGO I SICAV Combined Statement of Operations and Changes in Net Assets For the period ended 30 June 2015 AMREGO I SICAV Combined SÖDERBERG & PARTNERS TRYGGHET 75 PM SÖDERBERG & PARTNERS TRYGGHET 80 PM JP GLOBAL TREND Notes SEK SEK SEK SEK Net Assets at the Beginning of the Period 17,447,930,564 1,645,698,144 3,586,445,020 305,259,746 Income Dividend Income, Net 3c) 29,825,692 960,690 1,716,695 - Other Income 4a) 39,176,405 2,870,003 5,738,827 4,452 Total Income 69,002,097 3,830,693 7,455,522 4,452 Expenses Investment Management Fees 4a) 244,196,219 22,270,074 47,210,588 3,728,117 Performance Fees 4a) 170,326 - - - Custodian and Administration Fees 4b) 4,814,310 350,041 600,425 248,578 Taxe d abonnement 6) 1,319,892 89,089 188,861 22,581 Overdraft Interest 2,419,143 64,515 198,445 36,575 Other Fees 47,616 4,050 8,842 790 Total Expenses 252,967,506 22,777,769 48,207,161 4,036,641 Net Investment Gain/(Loss) (183,965,409) (18,947,076) (40,751,639) (4,032,189) Net Realised Gain/(Loss) on Sale of Investments 3c) 786,885,142 60,297,412 204,904,939 14,996,688 Net Realised Gain/(Loss) on Forward Currency Exchange Contracts 3e) (1,507,155) - - - Net Realised Gain/(Loss) on Foreign Exchange 3d) 435,100 4,368 7,584 (302,651) Net Realised Gain/(Loss) for the Period 785,813,087 60,301,780 204,912,523 14,694,037 Net Change in Unrealised Gain/Loss on Investments (205,474,217) 85,392,104 60,340,096 14,931,258 Net Change in Unrealised Gain/Loss on Forward Currency Exchange Contracts 3e) (7,142) - - - Net Change in Unrealised Gain/Loss on Foreign Exchange 3d) (418,009) (105) (656) (5,166) Net Change in Unrealised Gain/Loss for the Period (205,899,368) 85,391,999 60,339,440 14,926,092 Increase/(Decrease) in Net Assets as a Result of Operations 395,948,310 126,746,703 224,500,324 25,587,940 Movements in Share Capital Subscriptions 19,937,038,533 34,002,595 61,847,461 6,889,958 (Redemptions) (1,217,809,764) (40,717,075) (166,034,498) (18,529,862) Increase/(decrease) in Net Assets as a Result of Movements in Share Capital 18,719,228,769 (6,714,480) (104,187,037) (11,639,904) Net Assets at the End of the Period 36,563,107,643 1,765,730,367 3,706,758,307 319,207,782 28

AMREGO I SICAV Combined Statement of Operations and Changes in Net Assets (continued) For the period ended 30 June 2015 TRYGGHET 75 S TRYGGHET 80 S TRYGGHET 85 S TRYGGHET 90 S Notes SEK SEK SEK SEK Net Assets at the Beginning of the Period 5,224,911,712 4,571,949,894 1,583,745,420 529,920,628 Income Dividend Income, Net 3c) 8,513,932 5,737,098 1,270,198 288,765 Other Income 4a) 9,755,518 7,704,466 2,450,931 638,007 Total Income 18,269,450 13,441,564 3,721,129 926,772 Expenses Investment Management Fees 4a) 49,223,527 40,655,449 13,993,118 4,430,877 Performance Fees 4a) 131,568 10,466 15,165 13,127 Custodian and Administration Fees 4b) 909,662 809,109 389,968 257,315 Taxe d abonnement 6) 286,262 243,429 87,058 29,315 Overdraft Interest 199,637 261,272 263,681 144,714 Other Fees 13,216 11,747 4,118 1,316 Total Expenses 50,763,872 41,991,472 14,753,108 4,876,664 Net Investment Gain/(Loss) (32,494,422) (28,549,908) (11,031,979) (3,949,892) Net Realised Gain/(Loss) on Sale of Investments 3c) 173,464,455 276,187,291 58,950,212 13,263,743 Net Realised Gain/(Loss) on Forward Currency Exchange Contracts 3e) 287,618 566,709 195,732 - Net Realised Gain/(Loss) on Foreign Exchange 3d) 2,204,662 (1,186,074) 40,903 228,641 Net Realised Gain/(Loss) for the Period 175,956,735 275,567,926 59,186,847 13,492,384 Net Change in Unrealised Gain/Loss on Investments 334,791,450 104,614,407 45,869,392 11,302,898 Net Change in Unrealised Gain/Loss on Forward Currency Exchange Contracts 3e) - (7,142) - - Net Change in Unrealised Gain/Loss on Foreign Exchange 3d) (49,784) 199,412 (2,898) (626) Net Change in Unrealised Gain/Loss for the Period 334,741,666 104,806,677 45,866,494 11,302,272 Increase/(Decrease) in Net Assets as a Result of Operations 478,203,979 351,824,695 94,021,362 20,844,764 Movements in Share Capital Subscriptions 171,611,963 92,139,915 261,364,771 145,667,562 (Redemptions) (212,395,781) (294,976,314) (66,783,434) (29,860,531) Increase/(decrease) in Net Assets as a Result of Movements in Share Capital (40,783,818) (202,836,399) 194,581,337 115,807,031 Net Assets at the End of the Period 5,662,331,873 4,720,938,190 1,872,348,119 666,572,423 29

AMREGO I SICAV Combined Statement of Operations and Changes in Net Assets (continued) For the period ended 30 June 2015 AMREGO I SICAV - TILLVAXT 75 (1) TRYGGHET 75 (2) TRYGGHET 80 (2) TRYGGHET 85 (2) TRYGGHET 90 (2) Notes SEK SEK SEK SEK SEK Net Assets at the Beginning of the Period - - - - - Income Dividend Income, Net 3c) - 6,442,282 3,812,277 815,034 268,721 Other Income 4a) 1,637,812 3,970,317 3,088,615 903,694 413,763 Total Income 1,637,812 10,412,599 6,900,892 1,718,728 682,484 Expenses Investment Management Fees 4a) 4,758,442 26,575,494 21,719,024 6,727,043 2,904,466 Performance Fees 4a) - - - - - Custodian and Administration Fees 4b) 144,322 447,527 399,180 167,464 90,719 Taxe d abonnement 6) 28,019 154,540 130,199 41,811 18,728 Overdraft Interest 97,107 463,978 317,568 242,239 129,412 Other Fees 331 1,457 1,223 363 163 Total Expenses 5,028,221 27,642,996 22,567,194 7,178,920 3,143,488 Net Investment Gain/(Loss) (3,390,409) (17,230,397) (15,666,302) (5,460,192) (2,461,004) Net Realised Gain/(Loss) on Sale of Investments 3c) 44,398,569 (12,434,297) (37,231,016) (5,891,777) (4,021,077) Net Realised Gain/(Loss) on Forward Currency Exchange Contracts 3e) 233,934 (915,337) (1,421,836) (409,167) (44,808) Net Realised Gain/(Loss) on Foreign Exchange 3d) (993,022) 108,844 961,773 (434,260) (205,668) Net Realised Gain/(Loss) for the Period 43,639,481 (13,240,790) (37,691,079) (6,735,204) (4,271,553) Net Change in Unrealised Gain/Loss on Investments (48,934,612) (439,976,155) (286,854,530) (68,591,031) (18,359,494) Net Change in Unrealised Gain/Loss on Forward Currency Exchange Contracts 3e) - - - - - Net Change in Unrealised Gain/Loss on Foreign Exchange 3d) (308) - (557,935) 2 55 Net Change in Unrealised Gain/Loss for the Period (48,934,920) (439,976,155) (287,412,465) (68,591,029) (18,359,439) Increase/(Decrease) in Net Assets as a Result of Operations (8,685,848) (470,447,342) (340,769,846) (80,786,425) (25,091,996) Movements in Share Capital Subscriptions 1,048,163,844 8,024,018,015 6,792,881,111 2,283,181,106 1,015,270,232 (Redemptions) (68,647,253) (131,779,513) (139,705,497) (27,903,540) (20,476,466) Increase/(decrease) in Net Assets as a Result of Movements in Share Capital 979,516,591 7,892,238,502 6,653,175,614 2,255,277,566 994,793,766 Net Assets at the End of the Period 970,830,743 7,421,791,160 6,312,405,768 2,174,491,141 969,701,770 (1) This Sub-Fund was launched on 23 March 2015. (2) This Sub-Fund was launched on 17 April 2015. 30

AMREGO I SICAV Statement of Changes in the Number of Shares For the period ended 30 June 2015 Shares Outstanding at the beginning of the period Shares Subscribed Shares Redeemed Shares Outstanding at the End of the period AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM Class A 10,857,515.58 202,365.82 (245,881.32) 10,814,000.08 AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM Class A 25,626,589.33 405,505.09 (1,099,744.14) 24,932,350.28 AMREGO I SICAV - JP GLOBAL TREND Class A 2,320,776.37 42,707.38 (127,844.68) 2,235,639.07 Class B 220,215.48 8,678.09 (12,348.42) 216,545.15 AMREGO I SICAV - TRYGGHET 75 S Class A 39,695,737.29 1,001,037.23 (1,456,427.76) 39,240,346.76 Class C 25,453.02 234,958.37 (6,336.15) 254,075.24 AMREGO I SICAV - TRYGGHET 80 S Class A 36,433,787.65 648,502.36 (2,144,640.15) 34,937,649.86 Class C 852.56 47,597.59 (7,503.45) 40,946.70 AMREGO I SICAV - TRYGGHET 85 S Class A 13,277,090.44 1,993,711.04 (522,429.15) 14,748,372.33 Class C 193.08 55,150.19 (5,956.05) 49,387.22 AMREGO I SICAV - TRYGGHET 90 S Class A 4,734,858.56 1,142,017.16 (253,008.74) 5,623,866.98 Class C 2,014.80 103,376.41 (4,540.44) 100,850.77 AMREGO I SICAV - TILLVÄXT 75 (1) Class A AMREGO I SICAV - TRYGGHET 75 (2) Class A Class C AMREGO I SICAV - TRYGGHET 80 (2) Class A Class C AMREGO I SICAV - TRYGGHET 85 (2) Class A Class C AMREGO I SICAV - TRYGGHET 90 (2) Class A Class C - 5,333,885.61 (337,295.46) 4,996,590.15-49,564,623.60 (840,207.92) 48,724,415.68-13,879.30-13,879.30-44,821,436.12 (944,645.49) 43,876,790.63-3,681.83 (27.38) 3,654.45-16,623,704.73 (206,945.61) 16,416,759.12-6,951.91 (1,237.65) 5,714.26-8,151,780.03 (166,874.61) 7,984,905.42-1,289.65-1,289.65 (1) This Sub-Fund was launched on 23 March 2015. (2) This Sub-Fund was launched on 17 April 2015. 31

AMREGO I SICAV Statistical Information For the period ended 30 June 2015 Currency 30 June 2015 31 December 2014 31 December 2013 Net Asset Value per Shares in Share Class Currency AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM Class A SEK 163.28 151.57 127.11 AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM Class A SEK 148.67 139.95 121.16 AMREGO I SICAV - JP GLOBAL TREND Class A SEK 129.22 119.30 109.97 Class B SEK 140.05 128.95 118.01 AMREGO I SICAV - TRYGGHET 75 S Class A SEK 143.55 131.56 110.64 Class C SEK 115.01 106.62 - AMREGO I SICAV - TRYGGHET 80 S Class A SEK 134.99 125.48 109.44 Class C SEK 111.46 104.74 - AMREGO I SICAV - TRYGGHET 85 S Class A SEK 126.59 119.28 107.27 Class C SEK 109.23 103.77 - AMREGO I SICAV - TRYGGHET 90 S Class A SEK 116.62 111.88 104.28 Class C SEK 106.23 102.52 - AMREGO I SICAV - TILLVÄXT 75 (1) Class A SEK 194.30 - - AMREGO I SICAV - TRYGGHET 75 (2) Class A SEK 152.30 - - Class C SEK 93.70 - - AMREGO I SICAV - TRYGGHET 80 (2) Class A SEK 143.86 - - Class C SEK 94.54 - - AMREGO I SICAV - TRYGGHET 85 (2) Class A SEK 132.42 - - Class C SEK 95.99 - - AMREGO I SICAV - TRYGGHET 90 (2) Class A SEK 121.43 - - Class C SEK 97.19 - - (1) This Sub-Fund was launched on 23 March 2015. (2) This Sub-Fund was launched on 17 April 2015. 32

AMREGO I SICAV Statistical Information (continued) For the period ended 30 June 2015 Currency 30 June 2015 31 December 2014 31 December 2013 Shares Outstanding AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM Class A 10,814,000.08 10,857,515.58 10,589,281.28 AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM Class A 24,932,350.28 25,626,589.33 26,042,947.95 AMREGO I SICAV - JP GLOBAL TREND Class A 2,235,639.07 2,320,776.37 2,403,255.56 Class B 216,545.15 220,215.48 268,786.74 AMREGO I SICAV - TRYGGHET 75 S Class A 39,240,346.76 39,695,737.29 39,715,370.42 Class C 254,075.24 25,453.02 - AMREGO I SICAV - TRYGGHET 80 S Class A 34,937,649.86 36,433,787.65 36,566,212.18 Class C 40,946.70 852.56 - AMREGO I SICAV - TRYGGHET 85 S Class A 14,748,372.33 13,277,090.44 13,021,643.06 Class C 49,387.22 193.08 - AMREGO I SICAV - TRYGGHET 90 S Class A 5,623,866.98 4,734,858.56 4,634,080.17 Class C 100,850.77 2,014.80 - AMREGO I SICAV - TILLVÄXT 75 (1) Class A 4,996,590.15 - - AMREGO I SICAV - TRYGGHET 75 (2) Class A 48,724,415.68 - - Class C 13,879.30 - - AMREGO I SICAV - TRYGGHET 80 (2) Class A 43,876,790.63 - - Class C 3,654.45 - - AMREGO I SICAV - TRYGGHET 85 (2) Class A 16,416,759.12 - - Class C 5,714.26 - - AMREGO I SICAV - TRYGGHET 90 (2) Class A 7,984,905.42 - - Class C 1,289.65 - - (1) This Sub-Fund was launched on 23 March 2015. (2) This Sub-Fund was launched on 17 April 2015. 33

AMREGO I SICAV Notes to the Financial Statements 1. Organisation The AMREGO I SICAV (the Company ) is an open-ended collective investment company organised under Luxembourg law as a société anonyme qualifying as a société d'investissement à capital variable ("SICAV"). The Company is registered under part I of the Luxembourg law of 17 December 2010 concerning Undertakings for Collective Investment, as may be amended (the "Law"). The Company qualifies as an Undertaking for Collective Investment in Transferable Securities under the Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to Undertakings for Collective Investment in Transferable Securities ("UCITS"). The Company is managed by Söderberg & Partners Asset Management S.A. pursuant to chapter 15 of the Law. The Company has been initially incorporated on 24 November 2011 for an unlimited period of time. The articles of incorporation have been published in the Mémorial on 4 February 2012. The articles of incorporation have been filed with the Registre de Commerce et des Sociétés of Luxembourg under number B 165541., the Company is composed of twelve sub-funds: AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM AMREGO I SICAV - JP GLOBAL TREND AMREGO I SICAV - TRYGGHET 75 S AMREGO I SICAV - TRYGGHET 80 S AMREGO I SICAV - TRYGGHET 85 S AMREGO I SICAV - TRYGGHET 90 S AMREGO I SICAV - TILLVÄXT 75 AMREGO I SICAV - TRYGGHET 75 AMREGO I SICAV - TRYGGHET 80 AMREGO I SICAV - TRYGGHET 85 AMREGO I SICAV - TRYGGHET 90 The following Share Class was subscribed: Accumulation share class A ( Class A ) in SEK restricted to institutional investors. Accumulation share class B ( Class B ) in SEK. Accumulation share class C ( Class C ) in SEK. 2. Investment Objective The investment objective of the sub-funds is to seek to preserve the Shareholder s capital and to provide an adequate rate of return on the investment. AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 75 PM has the objective of not falling below 75 per cent of the highest price achieved over a one-year period. AMREGO I SICAV - SÖDERBERG & PARTNERS TRYGGHET 80 PM has the objective of not falling below 80 per cent of the highest price achieved over a one-year period. AMREGO I SICAV - JP GLOBAL TREND has the objective of outperform the MSCI World Index on a long-term basis. AMREGO I SICAV - TRYGGHET 75 S has the objective of not falling below 75 per cent of the highest price achieved over a oneyear period. 34